Products tagged with 'oil well operating agreement'

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Alberta Construction, Ownership and Operation Assignment Agreement

The transferor (assignor) assigns and transfers 100% of its interest under the CO&O agreement to the transferee (assignee).
The assignee covenants to perform all of the assignor's obligations under the agreement.
The CO&O Assignment Agreement is intended to be used in the Province of Alberta, Canada.
This is a fully editable and reusable oil & gas form which can be downloaded, saved as a template and used as often as required.

$6.29

Encumbrances. If the interest of any party to the Agreement becomes encumbered, such encumbrance will be charged to and paid by that party.
No Warranty. The farmor makes no warranty of title to the farmout lands or the title documents.
Test Well. The farmee will spud the test well and drill to at least contract depth, lot and test, and either complete, cap or abandon it in accordance with the agreement and the Regulations.
Substitute Well. The agreement contains provisions for drilling a substitute well.
Insurance. The farmee is responsible for obtaining and maintaining control of well insurance.
Earned Interest Calculation. The farmee's earned interest in the farmout lands is calculated as 100% of the farmor's interest down to earning depth in the lands and title documents that comprise the test well spacing unit, subject to encumbrances, and a specified percentage of the remainder.
Option Well. The template also includes clauses for option well election.
Percentage Interest. Provisions for calculating each party's share of expenses and percentage of interest.
Jurisdiction. This Farmout and Participation Agreement is governed by the laws of the Province of Alberta.
Available as a downloadable MS Word template.

$29.99

The parties collectively own 100% interest in the subject lands and want to provide for the operation and maintenance of the title documents and the joint lands.
All benefits, revenues, costs and expenses will be apportioned among the parties according to their respective interests.
Provisions for selection of leases earned by drilling of prior lease earning wells, including method of selection if the parties cannot agree.
The operator is responsible for making timely application for royalty holidays or abatements on behalf of the parties.
The operator is given the authority to make GST elections on behalf of the parties.
This Joint Operating Agreement is a downloadable and fully editable legal document that is intended for use in the Province of Alberta, Canada.

$17.99

The agreement deals with ownership, operation, development of and production of petroleum substances from the pooled lands.
Operations on the pooled lands will be conducted without regard to boundaries of the title documents, as if the pooled lands were covered by a single petroleum and natural gas lease.
Each party holds its title documents in trust for the other parties, insofar as they relate to the pooled lands.
Production, revenue and expenses are allocated to the parties according to their respective pooled interest.
The pooling arrangement will terminate if the farmee fails to earn its earned interest.
The farmee will spud the test well at its sole cost and risk, and will then continue drilling to the contract depth, log and test, and either complete or cap or abandon the well in accordance with the agreement and the Regulations.
Provisions for drilling a substitute well if serious difficulties are encountered and the first well is abandoned.
The CAPL Operating Procedure will govern.
This Alberta Pooling and Farmout Agreement can be easily edited to fit your circumstances.

$29.99

The parties agree to pool and combine their working interests.
Each party has the right to build a production facility, however they must offer the other parties the right to participate and join in the construction and ownership of such facility.
The agreement sets out an area of mutual interest comprised of petroleum and natural gas interests which lie at least 50% within a specified geographic area. If any party acquires an interest in lands within the mutual interest area, it must give the other parties an option to purchase an interest equal to their respective participating interests.
This Pooling and Joint Operating Agreement is a Canadian legal form intended for use within the Province of Alberta.

$17.99

Parties and Purpose. The agreement is between a private land owner and an operator to fulfill work commitments and perform exploration with respect to various oil and gas properties.
Participation. The operator will pay 100% of the costs of the work commitments. The title holder will hold a 50% interest in trust for the operator and will transfer this interest to the operator upon its fulfillment of its duties under the agreement.
Payment of Costs. Each party will be responsible for paying all taxes, royalties and charges levied or assessed against its participating interest.
Format. This legal contract template is available in MS Word format and is fully editable to fit your needs.

$17.99